CROWDFUNDING SYSTEMS: evaluation and government regulation in the conditions of reengineering

ڰ «Lypneva.com» a group of like-minded people, who initiated the project of greening Galitska square, is now engaged in a project for Lypneva street; ڰ «Association of cultural industries» (Ukr. « Ⱥɫɨɰɿɚɰɿɹ ɤɭɥɶɬɭɪɧɢɯ ɿɧɞɭɫɬɪɿɣ ») that transforms urban areas by regenerating industrial structures through creativity and culture ( Ʉɚɪɢɣ , 2016a; Ʉɚɪɢɣ et al., 2016b). The total volume of crowdfunding in Ukraine is not as significant as in Europe or North America. However, given the negative state of public confidence in financial institutions and instruments in general, the existing volumes of crowdfunding in Ukraine show a significant potential for the development of this tool for our country (Table 2.5). Table 2.5 Main crowdfunding platforms in Ukraine and their characteristics The name of the platform Official website The specificity of the platform Type of crowdfunding campaigns The number of projects as for 12/2018 Number of projects successfully implemented Number of contri-butors Capitalization of successful projects unit Spilnokosht biggggidea.com Specializes in initiative projects from active citizens and communities AON / all or nothing 14 276 33 904 20 852 773 Ukrainian Charity Exchange ubb.org.ua Supports charitable and social projects KIO / to the goal 600 3241 6211 199 682 604 Na-Starte na-starte.com Functions as an online pre-sale store AON / all or nothing or KIO / to the goal 4 24 9 200 6 176 785 Note: compiled by the authors based on statistical data 76